Business Services Industry
Daily Mail, London, Alex Brummer Column.
Knight Ridder/Tribune Business News, December, 2003
By Alex Brummer, Daily Mail, London Knight Ridder/Tribune Business News
Dec. 6--Sometime over the next few days Granada and Carlton will post a merger document to shareholders designed to give the go-ahead to a single ITV.
The business case for approval of the deal is that, in an increasingly globalised and multi-channel television environment, size is necessary to support the creative process and to compete.
Unfortunately for Granada/Carlton and other media groups recently in the news, they have been caught up in the corporate governance frenzy sweeping through boardrooms on both sides of the Atlantic.
In Britain the focus has been on the ITV companies and BSkyB. In the United States it has been on Hollinger, owner of the...
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